The Office of the Governor has asked the Bangko Sentral ng Pilipinas to expedite the registration of the Negros Cooperative Bank that will cater to small Negrense farmers.

Nestor Bayona, a Capitol executive who heads the bank organizing committee, said he was instructed by Gov. Joseph Marañon to write the BSP Department of Supervision and Examination and inform them that the bank's incorporators are now ready for site validation.

Bayona, who is also the vice chairman of the 11-member interim board, told the DAILY STAR that the processing of their papers for registration was delayed by the reorganization in the BSP that caused the transfer of the officer who had been assigned to assist their group.

IOPC lauds pollution
compensation bill

ILOILO CITY--The International Oil Pollution Compensation Fund has welcomed the passing of Senate Bill No. 2600 or the "Oil Pollution Compensation Act."

The bill provides for tougher measures on pollution damage and ensures adequate compensation for victims of oil spills consistent with international conventions and practices.

"It is good that the (Philippine) government is treating this as a matter of urgency," IOPC Director Willem Oosterveen said in an interview.

 

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